Should I Buy A Home Now?

Are you thinking about buying a home?

Steve Prescott, Broker/Owner of RE/MAX Capitol Properties, shares why now is a good time to buy a home in Cheyenne WY! Consider these ideas when you are ready to buy a home in 2019.

1. Unknown Forecast of Interest Rates – the current interest rate for a 30 year fixed mortgage is around 5.5% and expected to go to 6% by the end of the year. Still an excellent interest rate, but it does effect your buying power with each increase.
2. Market Holdovers – some people listed their homes late in 2018 and had to hold the home over during the holidays when the market slows down. Today you may be able to get a better value with those homes that have been on the market longer.
3. Appreciation Rate – the real estate market in Laramie County increased 5% last year. Buying a home sooner rather than later allows you to start gaining appreciation on your house.

These are just a few ideas on why now is a good time to buy a home! At RE/MAX we surround ourselves with top agents; trustworthy, smart, dedicated and hard working. Give us a call today at 307-635-0303 or visit us online to get started selling your home for top dollar and to buy your new home! We specialize in residential home sales, new construction, land development, townhomes, investment properties, flip properties and commercial real estate. Whether you are a first time home buyer or a seasoned real estate investor, we are here to guide you through the home buying and selling process.